I would love to have the luxury of deciding how much to pay. I basically always go for the cheapest place that is still in a safe neighborhood and not horribly far from work. Impossible to find anything under 30%

Rule 1 is to figure out how much you can afford, but another quality of life rule that I realized is that if you can pay a little more and get responsive maintenance, a roach free unit, and great amenities (a big pool is something I love in these summer months) then go for it. Better than paying less but having peace of mind affecting by lack of AC on summer or roaches all over your belongings and food.

There should be a law that keeps rent affordable or to ensure businesses have to pay a livable wage

Household income almost $150k. Mortgage is $1100 mo ($1800 total with taxes, insurance and HOA) We were blessed and lucky to buy a home right before covid with a 2.625% rate.

400-600 a month on rent boy wouldn’t that be nice lmao

How much rent do you pay and what's your household income? Let me know in the comments, I'm curious! Hope you find this video helpful - I think it's a topic that affects everyone that rents, and is likely most people's most expensive monthly expense. Have a great day! -Charlie

All this told me apartments are far out of range for the median income salary of around $36k according to the national debt clock. How people are actually making due is a mystery.

The 3x the rent for approval in a safe neighborhood is horrible when average costs for a house or apt are near 2000 or more. That means you have to make over $37 an hour. WTH!?

Well I spent 20 years of my life working my way up to $30/hr and I can still only afford $760/month maximum in rent so I guess I don't deserve to be alive.

Why is it based on gross? Shouldn’t it be based on net?

finding something under 30% sounds like a dream in my area where bachelors start at 2050$, the 30% rule is a nice thought but is a old thought structure from over a decade ago that really just doesnt work in a lot of cities. (even greater city areas and suburbs around big cities dont get that much cheaper and at what point is the HOURS wasted traveling worth the savings?)

I have been looking for videos and yours came out just in time!

Dallas has a lower cost of living only compared to the most expensive cities. It is getting expensive fast

so pretty much, as a 17 year old who wants to move to LA and had completely accepted spending 60-70% of my paycheck on rent, i’m horribly wrong? idk i feel like i can live on 35%. see yall out there

Here I am having to spend over 50% of my income on rent smh

Side hustle to keep up with the Jones.

HHI per month is about $18,450 and we spend $3500/month on rent

I used to live in Newport Beach, and was priced out. I moved to Costa Mesa, and finally was again priced out. I moved here to Vegas in December of 2023. When I left Costa Mesa, my rent was 76% of my take home pay for a not so nice place. I get far more for my money here, but my rent is still over 50% of my take home pay. 🤷🏻‍♂️

I'm single (no kids) in Los Angeles. Last year I earned on average 21k p/month. This year I have been slacking and its around $16.6k per month on average. I pay $2600 p/month (includes managed utilities) for a 583 studio sq ft apartment. I am a VERY safe kind of person. I will need to bump it up to just the regular "target" of around 4k (I am aiming to spend less than your "targets" which seem high to me, when buying a condo soon (porbably will have to be a small condo etc)... Sucks living in a high COL area. I also drive a 2008 car with 100k miles on it. Don't need a new one as I earn money from home and get groceries delivered via Amazon. Don't see a point of buying a new car when I mostly stay home.

Welp even renting a room is around 1k in my area 😭

AND I LIVE IN ST.LOUIS wow this video is for me!

If I wasn’t living with my parents rn I’d be living out of my car. Fuck making other ppl rich. I’ll make that sacrifice for a few years if that’s what it takes to be able to buy a home. While everyone else my age wants to look “cool” cuz they have a apartment they are getting recked on with rent so they can go out and drink every weekend, I’ll be the smart one and put money away every month.

Can I afford 1300 in rent on 68k income? NET income is 50k a year. No debt, single, and no kids.

Moving to LA for work, partner and I make a combined 130k. We’re looking for rent that is 2.7k to 3k on the high end

Why would you even rent a place if you are making 1.2 million a year? unless is temporary I gueas

I had to choose between bring just over target to own a home or keep up with the jonses. 1200 to own taxes hoa on a 3k a month job. Lowest rent in town is 2.1k. Ones a paycheck the other would have taken both.

Great video idea !

Not sure where your finding a spacious two bedroom for 1000/mo in the Midwest. Maybe in Kansas or Nebraska lol. Nowhere anybody wants to live

are the monthly income numbers pretax or post tax

Roughly $15k + a month household income and pay $5400 mortgage. Also have another mortgage at $2800 but being rented out for $4000 (did not include that in my income).

no more real estate

I’ve been financing my car for 3 years and I have 3 more years to go.. it does affect me with rent how do I lower it?? /:

Holy shit, only paying 22 bucks in taxes???? I pay way more than that when i gross way less! I love getting screwed by my government :) Like when I've made that much, i'm paying HUNDREDS of dollars in taxes

So basically in Hawaii. People can afford a tent in the brush hiding from people off the highway 😂 Average person in Hawaii cannot afford anything then 😂😂😂

What about for cars ?

Is m1 a good platform for a roth ira or should I use something else

So if my gross income (monthly) of 3,300 and i pay rent 1165 per month will it work? Or it’s exceeding the limit there

And iv looked at that exact unit! WTF!

Your numbers make no sense my dude, what magical country do you live in where you don't have to pay taxes?

Monthly gross is 24k and I spend 1895/month on rent. I don’t think it’s worth spending a lot on rent.

And that's why I stay in my rent controlled unit. $1000 a month in Hollywood, unfortunately it is in Hollywood, and makes up about 12% of my monthly income.